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Navistar, Cederoth to part ways

Jason Cannon June 24, 2013

NavistarNavistar International, Inc. said Monday it will part ways with Chief Financial Officer (CFO) Andrew ‘A.J.’ Cederoth by month’s end as part of what it termed a “planned transition.”

Cederoth has served as the company’s CFO since September 2009.

Navistar says current senior VP and treasurer James Moran will oversee financial operations and functions on an interim basis, while the company finalizes its search for a new CFO from outside the company.

“I want to thank A.J. for his many contributions during his 23 years at Navistar, particularly the leadership he displayed this past year in helping to create, implement and drive significant progress in our turnaround plan,” says Troy A. Clarke, Navistar’s president and CEO. “I also appreciate the support A.J. provided during this CFO transition process. He has had a distinguished career at Navistar and we wish him well in his future endeavors.”

Cederoth and former Chief Executive Dan Ustian were named in a lawsuit in April, alleging the pair misled investors about the company’s ill-fated EGR efforts.

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